Spendesk gives you the opportunity to manually fill out all your payments’ VAT rate. In your 'payments' tab, click on a chosen payment and indicate the right type of VAT and its related rate.
You’ll find 3 different type of VAT rate within your Spendesk interface:
- Goods and services that are being sold domestically are liable to VAT. Within Spendesk, you can choose between different national VAT rates depending on the nature of goods and services.
- Goods and services that are being sold between different countries part of the European Single Market are also liable to VAT. However, the transaction is subject to a Reverse Charge procedure which means that you have the possibility to manually enter the right VAT rate within Spendesk.
For more information, you can consult the following article "I can't enter the right VAT rate, what do I need to do?"
- Goods and services that are being exempted from VAT are not liable to VAT. Within Spendesk, you do not need to indicate any VAT rate (e.g. books, newspaper etc.)
🗒️ All the VAT rates that were fill out on each payments are directly displayed within any statement export. For more information, you can consult the following article « How can I set-up my accounting codes in Spendesk? »
🤖 Bonus ✨: if your company billing plan is one of the following: Team, Company or Enterprise (check it by clicking on your "Settings" tab then "Billing"), reach out to our support team in order to activate a new awesome feature of automated VAT extraction! Our state-of-the-art technology will scroll all of your invoices and automatically pre-fill the related VAT field in minutes, whether there's one or several VAT rates for each payment.
Have a look at our video to discover what it's all about ;-)
For more information or if you simply need help, reach out to our support team via the chat window on your Spendesk interface or directly to firstname.lastname@example.org.